White House on Hezbollah Terror Funding Admission: 'We Call on Iran to Stop Doing This'

The White House responded to Hezbollah leader Hassan Nasrallah scoffing at U.S. sanctions by stressing "we have called on all those that fund Hezbollah to stop doing so."

Nasrallah said Friday on the terror group's TV network, Al-Manar, that Hezbollah "will not be affected" by sanctions on financial institutions that work with the group as "we do not have any business projects or investments via banks."

“We are open about the fact that Hezbollah’s budget, its income, its expenses, everything it eats and drinks, its weapons and rockets, are from the Islamic Republic of Iran,” Nasrallah said.

Talking to reporters aboard Air Force One today, White House spokesman Eric Schultz was asked if he found that shocking or alarming.

"We know that Iran supports terrorism. And we know that Iran supports Hezbollah. And that is why we've issued the most serious and most severe sanctions ever on Iran for doing so. So it's important for them to recognize their own behavior in enabling this," Schultz said.

"We've had a conversation recently about Iran's concerns about access to international markets. Well, those financial actors are looking at Iran's behavior and if Iran's going to continue to fund terrorism and continue to supply resources to Hezbollah that is going to have impact. Those financial actors don't want to do business with a country that's doing that," he continued.

"So we call on Iran to not only stop doing this because it's not good for national security and they're supporting terrorism. But we call on Iran to stop doing it because it's not in their interest either."